The AEX indication is -0.8% and the index seems to be coming off last week’s new annual highs.
We do it before the market with better-than-expected TomTom figures, a disappointing Chinese GDP figure and, of course, all eyes are on the erupting earnings season. Tomorrow evening it will be Tesla and Netflix’s turn and on Wednesday morning the stock market will look at ASML.
Is ASML, despite the rate explosion this year, now such a one straggler, or are ASMI and Besi rising much faster? It is striking that our three chippers are currently the same price. And that is historically a rarity.
The overview now:
European futures open between 0.1% and -0.8%, or the AEX seems to be the worst The US do -0.1% to -0.2% In Asia, China is more than 1% lower, Japan is closed and Hong Kong is unexpectedly closed due to a cyclone.
TSMC 0,0%
Samsung -0,3%
The volatility (CBOE VIX Index) is -2.0% at 13.3 and the BofA MOVE Index (bonds) is +0.7% at 112.5 The dollar is flat at 1.1229 Gold is down 0.1%, oil loses 0.9% and crypto just gains a tenth. Bitcoin is now doing at $30,285.36
Interest rates are actually experiencing a quiet month morning.
TomTom is the first fund on the Damrak – as the crow flies, the company is also only a kilometer from the stock exchange – with Q2s and they are not too bad. The loss decreases and the company raises its revenue and free cash flow expectations.
Would the stock ever come back to life again…?
There is more, is Shell serious?
Here’s the thing, it’s a fast-growing business. How lucrative is it alone…?
The source:
Shell is considering options for its global renewable power unit that include spinning it off into a separate business and selling a stake to outside investors
— Bloomberg Markets (@markets) July 17, 2023
The market-wide news now is China’s disappointing Q2 GDP on an annual basis. This is a big miss.
On a quarterly basis, GDP is not too bad. There is even more data from China, so a mixed bag.
In the US today there is only the first leading indicator, the Empire State Manufacturing Index, which shows the state of economic activity in the New York area.
We will see. The prices and especially the valuations don’t want to know anything about a recession, it seems.
A US recession was (supposedly) unavoidable. Here are two reasons why the downturn has failed to materialize. Presented by @CMEGroup pic.twitter.com/ICTul75atm
— Bloomberg Quicktake (@Quicktake) July 11, 2023
News, advice, shorts and agenda
The most important ABM Financial news since Friday’s Amsterdam closing.
07:59 AEX starts trading week in the red 07:36 TomTom raises turnover forecast 07:27 European stock markets open lower than expected 07:20 Growth in Chinese retail sales slows down 07:20 Chinese manufacturing production rises faster than expected 07:10 Chinese economy grows less rapidly than expected 07:02 Stock market calendar: foreign funds 07:02 Stock market calendar: macro-economic 07:01 Stock market calendar: Dutch companies 16 Jul Busy week ahead 16 Jul Twitter advertising revenue halved 16 Jul Vivoryon provides update on Alzheimer’s treatment 07:59 AEX starts trading week in the red 07:36 TomTom raises turnover forecast 07:27 European stock markets open lower than expected 07:20 Growth in Chinese retail sales slows down 07:20 Chinese manufacturing production rises faster than expected 07:10 Chinese economy grows less fast than expected 07:02 Stock market calendar: foreign funds 07:02 Stock market calendar: macroeconomic 07:01 Stock market calendar: Dutch companies 16 Jul Busy week ahead 16 Jul Advertisement income Twitter halved 16 Jul Vivoryon provides update on Alzheimer’s treatment
The AFM reports this shorts:
From agenda:
07:30 TomTom – Figures second quarter
09:00 Holland Colours – €3,41 ex-dividend
04:00 Economic Growth – Second Quarter (Chi)
04:00 Retail Sales – June (Chi)
04:00 Industrial Production – June (Chi)
14:30 Empire State index – Juli (VS)
And then this
In memory
WATCH: The Dow gained a third of a percent, while the S&P 500 and the Nasdaq both dipped fractionally as US stocks ended mixed on Friday pic.twitter.com/1ORky4g578
— Reuters Business (@ReutersBiz) July 15, 2023
Screendump:
The source:
The ECB will boost borrowing costs to a peak of 4% in September, according to a survey of economists who’re becoming more hawkish as inflation proves to be stubborn
— Bloomberg Markets (@markets) July 17, 2023
Oef:
Remote work risks wiping $800 billion from the value of office buildings in major cities, according to a McKinsey report
— Bloomberg Markets (@markets) July 17, 2023
Endless Story:
Microsoft moved a step closer toward buying Activision in the biggest acquisition ever seen in the videogame industry after a US appeals court paused the FTC’s request to halt the deal pic.twitter.com/a5WyK57UvL
— Reuters Business (@ReutersBiz) July 15, 2023
Good idea?
Japan plans to propose a global stockpile for natural gas, similar to the emergency reserve in the oil sector, to help avoid future shortages and stabilize prices
— Bloomberg Markets (@markets) July 17, 2023
Yes, where did this go wrong 🙂
NEW: Telecom Italia once pitched a plan to buy Apple. Now it faces having to sell its most prized asset to tackle spiraling debt.
— Bloomberg Markets (@markets) July 17, 2023
Taxes, bureaucracy and rules:
One in four German small and mid-sized companies would consider throwing in the towel, a new survey shows
— Bloomberg Markets (@markets) July 16, 2023
Have fun and good luck today.
2023-07-17 06:33:38
#red #premarket #China #sneezes #TomTom #good #Shell #IEX.nl
